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Private-Equity Firms Slow on Aims for Transparency

By

Paul Hodkinson

Updated Jan. 13, 2009 12:01 a.m. ET

The U.K. private-equity industry fully complied with only about a quarter the targets set out in guidelines last year to promote transparency and disclosure for the often opaque industry, a review has found.

The first report by the Guidelines Monitoring Group, established to review the industry's conformity to David Walker's guidelines on transparency, said there has been a "high level" of commitment to the guidelines but "the nature of disclosure varied significantly." It said the efforts made by the industry...